Ocean Sun AS
0.46
NOK
+0.01
(+1.10%)
ISIN
NO0010887565
Return %
Stock
S&P 500
1Y
-61.67
14.20
3Y
-90.67
81.12
5Y
-97.12
68.34
Capital Structure
NOK
•
in mil. unless spec.Working Capital
NOK
•
in mil. unless spec.Growth Rates
NOK
•
in mil. unless spec.Quarterly Revenue
NOK
•
in mil. unless spec.Quarterly Earnings Per Share
NOK
•
in mil. unless spec.Quarterly Dividends Per Share
NOK
•
in mil. unless spec.Company Description
- CEO
- Kristian Tørvold
- Full Time Employees
- 11
- Sector
- Electronic technology
- Industry
- Semiconductors
- Address
- Lysaker Norway
- IPO Date
- Oct 26, 2020
- Website
- oceansun.no
- Similar Companies
- Business
- Ocean Sun AS is a renewable energy technology company that develops, designs, and licenses patented floating solar photovoltaic systems for marine, coastal, and inland water bodies. Founded in 2016 and headquartered in Lysaker, Norway, the company operates within the solar power equipment and renewable energy services industry, providing proprietary floating solar solutions that combine Norwegian maritime engineering with photovoltaic technology. Its core product and service portfolio includes: patented hydro-elastic polymer membrane floating solar platforms engineered for open water deployment; circular floating structures constructed with buoyant high-density polyethylene outer rings, available in standardized dimensions including 62-meter and 75-meter diameter ring formats; proprietary direct-water cooling mechanisms that utilize continuous thermal contact between solar panels and water surfaces to enhance power generation efficiency; intellectual property licensing agreements for utility-scale project developers, independent power producers, and engineering, procurement, and construction contractors; comprehensive site-specific engineering and numerical hydro-structural modeling; specialized mooring, anchoring, and balance-of-system electrical design services; bankability documentation and technical certification assistance; and technical advisory, installation oversight, and partner training services. Ocean Sun targets utility-scale energy developers, hydroelectric reservoir operators pursuing hybrid hydro-solar installations, coastal industrial complexes, and island microgrids across Europe, the Asia-Pacific region, and Latin America. The company manages international operations through regional subsidiaries including Ocean Sun Pte Ltd in Singapore and Ocean Sun China Ltd in Shanghai, China, and trades publicly on Euronext Growth Oslo under the ticker symbol OSUN. In recent major corporate developments, Ocean Sun entered into a strategic memorandum of understanding with ACEN-Silverwolf to deploy utility-scale floating solar systems across Asian freshwater reservoirs, collaborated with Canopy Power and Candela to establish floating solar-powered marine charging infrastructure for electric hydrofoil vessels, raised NOK 20 million in gross proceeds through a private share placement of 40 million new shares, appointed Kristian Tørvold as Chief Executive Officer and Kristin Husby Mork as Chief Commercial Officer, and initiated an exploration of strategic alternatives in coordination with financial advisor Fearnley Securities to accelerate the global commercialization and deployment of its floating solar technology platform.